Greenhaven Associates (Edgar Wachenheim) 13F holdings, Q1 2014
Greenhaven Associates (Edgar Wachenheim) disclosed 24 US equity positions worth $4.9bn in its Q1 2014 13F filing. Its largest position is BKR at 12.5% of the reported book, followed by FDX and LOW. Versus Q4 2013 it opened 2 new positions, added to 10, reduced 9 and exited 2.
- $4.9bn
- Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
- 24
- Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
- 12.5%
- Largest position The largest single position as a share of the reported equity book.
- 83.5%
- Top 10 weight The ten largest positions together, as a share of the reported equity book.
- 12
- Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
- 109
- Quarters on file since Q1 1999 Quarters for which this manager's 13F holdings are on record.
Holdings
Against Q4 2013: 2 new, 10 added, 9 reduced, 2 exited
| BKR BAKER HUGHES INC | 12.5% | +2.2% | added |
| FDX FEDEX CORP | 12.3% | +0.9% | added |
| LOW LOWES COS INC | 11.3% | +0.9% | added |
| UPS UNITED PARCEL SERVICE INC | 9.3% | +9.3% | added |
| MMM 3M CO | 7.4% | +3.6% | added |
| WHR WHIRLPOOL CORP | 7.3% | +3.4% | added |
| SLB SLB LIMITED | 7.1% | – | new |
| APD AIR PRODUCTS AND CHEMICALS I | 6.7% | −26% | reduced |
| LUV Southwest Airlines Co. | 5.4% | −1.3% | reduced |
| DVN DEVON ENERGY CORP NEW | 4.2% | −0.9% | reduced |
| TEL TE CONNECTIVITY LTD | 3.5% | −41% | reduced |
| BA BOEING CO | 3.1% | −23% | reduced |
| SUPERIOR ENERGY SVCS INC no ticker | 2.8% | +22% | added |
| A AGILENT TECHNOLOGIES INC | 1.6% | −63% | reduced |
| PXGBX PRAXAIR INC | 1.5% | +1.7% | added |
| MSFT MICROSOFT CORP | 1.5% | −13% | reduced |
| OC Owens Corning Inc | 1.0% | +45% | added |
| AVT AVNET INC | 0.6% | +1.6% | added |
| ARW ARROW ELECTRS INC | 0.5% | −2.5% | reduced |
| RHJ International (RHJI) no ticker | 0.2% | 0.0% | held |
| WFC WELLS FARGO & CO | 0.09% | – | new |
| American Independence Corp (AMIC) no ticker | 0.02% | 0.0% | held |
| PALL CORP no ticker | 0.01% | 0.0% | held |
| AMT TD AMERITRADE HLDG CORP | 0.0% | −58% | reduced |
Exited since Q4 2013
Sector mix
Book over time
Every quarter on file (109)
| Quarter | Positions | Equity book |
|---|---|---|
| Q2 2026 | 28 | $8.7bn |
| Q1 2026 | 27 | $6.1bn |
| Q4 2025 | 30 | $6.2bn |
| Q3 2025 | 27 | $6.6bn |
| Q2 2025 | 25 | $6.7bn |
| Q1 2025 | 26 | $6.3bn |
| Q4 2024 | 24 | $6.8bn |
| Q3 2024 | 24 | $8.5bn |
| Q2 2024 | 25 | $7.6bn |
| Q1 2024 | 27 | $10.9bn |
| Q4 2023 | 27 | $9.4bn |
| Q3 2023 | 29 | $7.7bn |
| Q2 2023 | 29 | $7.5bn |
| Q1 2023 | 32 | $6.4bn |
| Q4 2022 | 32 | $5.6bn |
| Q3 2022 | 31 | $4.8bn |
| Q2 2022 | 27 | $4.6bn |
| Q1 2022 | 22 | $3.8bn |
| Q4 2021 | 21 | $4.0bn |
| Q3 2021 | 19 | $3.0bn |
| Q2 2021 | 20 | $3.4bn |
| Q1 2021 | 24 | $4.4bn |
| Q4 2020 | 28 | $5.3bn |
| Q3 2020 | 28 | $4.6bn |
| Q2 2020 | 34 | $4.5bn |
| Q1 2020 | 27 | $2.7bn |
| Q4 2019 | 20 | $4.5bn |
| Q3 2019 | 22 | $4.9bn |
| Q2 2019 | 25 | $5.7bn |
| Q1 2019 | 24 | $5.6bn |
| Q4 2018 | 23 | $5.2bn |
| Q3 2018 | 24 | $6.5bn |
| Q2 2018 | 24 | $6.7bn |
| Q1 2018 | 23 | $6.4bn |
| Q4 2017 | 23 | $6.6bn |
| Q3 2017 | 23 | $6.7bn |
| Q2 2017 | 23 | $6.6bn |
| Q1 2017 | 25 | $6.3bn |
| Q4 2016 | 24 | $5.9bn |
| Q3 2016 | 22 | $5.2bn |
| Q2 2016 | 22 | $5.1bn |
| Q1 2016 | 24 | $5.2bn |
| Q4 2015 | 24 | $5.3bn |
| Q3 2015 | 22 | $5.0bn |
| Q2 2015 | 24 | $5.5bn |
| Q1 2015 | 25 | $5.6bn |
| Q4 2014 | 27 | $5.6bn |
| Q3 2014 | 26 | $5.2bn |
| Q2 2014 | 26 | $5.3bn |
| Q1 2014 | 24 | $4.9bn |
| Q4 2013 | 24 | $4.8bn |
| Q3 2013 | 23 | $4.3bn |
| Q2 2013 | 26 | $3.7bn |
| Q1 2013 | 25 | $3.6bn |
| Q4 2012 | 26 | $3.3bn |
| Q3 2012 | 24 | $3.2bn |
| Q2 2012 | 25 | $3.1bn |
| Q1 2012 | 25 | $3.3bn |
| Q4 2011 | 27 | $3.0bn |
| Q3 2011 | 24 | $2.7bn |
| Q2 2011 | 23 | $3.3bn |
| Q1 2011 | 22 | $3.2bn |
| Q4 2010 | 22 | $3.0bn |
| Q3 2010 | 23 | $2.6bn |
| Q2 2010 | 23 | $2.3bn |
| Q1 2010 | 22 | $2.6bn |
| Q4 2009 | 25 | $2.3bn |
| Q3 2009 | 28 | $2.1bn |
| Q2 2009 | 28 | $1.5bn |
| Q1 2009 | 24 | $931m |
| Q4 2008 | 18 | $1.3bn |
| Q3 2008 | 19 | $2.1bn |
| Q2 2008 | 17 | $2.6bn |
| Q1 2008 | 18 | $3.2bn |
| Q3 2007 | 15 | $3.6bn |
| Q2 2007 | 20 | $3.9bn |
| Q1 2007 | 20 | $3.5bn |
| Q4 2006 | 20 | $3.5bn |
| Q3 2006 | 22 | $3.1bn |
| Q2 2006 | 25 | $3.0bn |
| Q1 2006 | 26 | $3.3bn |
| Q4 2005 | 26 | $2.8bn |
| Q3 2005 | 27 | $2.7bn |
| Q2 2005 | 26 | $2.5bn |
| Q1 2005 | 24 | $2.3bn |
| Q4 2004 | 29 | $2.2bn |
| Q3 2004 | 27 | $2.2bn |
| Q2 2004 | 24 | $1.9bn |
| Q1 2004 | 25 | $2.0bn |
| Q4 2003 | 33 | $2.0bn |
| Q3 2003 | 33 | $1.7bn |
| Q2 2003 | 38 | $1.7bn |
| Q1 2003 | 38 | $1.3bn |
| Q4 2002 | 36 | $1.4bn |
| Q3 2002 | 34 | $1.2bn |
| Q2 2002 | 36 | $1.6bn |
| Q1 2002 | 42 | $1.5bn |
| Q4 2001 | 45 | $1.4bn |
| Q3 2001 | 50 | $1.2bn |
| Q2 2001 | 56 | $1.4bn |
| Q1 2001 | 90 | $1.3bn |
| Q4 2000 | 91 | $1.3bn |
| Q3 2000 | 88 | $1.2bn |
| Q2 2000 | 97 | $1.0bn |
| Q1 2000 | 111 | $1.0bn |
| Q4 1999 | 104 | $1.1bn |
| Q3 1999 | 96 | $904m |
| Q2 1999 | 105 | $959m |
| Q1 1999 | 100 | $842m |
Where Greenhaven Associates (Edgar Wachenheim) was early
| BA Boeing Company (BA) | Q2 1999 | 1 of 221 | 0.8% | Exited by Q4 2017 | +478% |
| PHM PulteGroup Inc. (PHM) | Q2 1999 | 1 of 150 | 2.0% | Held at last filing, Q2 2026 | +2280% |
| R Ryder Systems Inc. (R) | Q2 1999 | 1 of 113 | 1.4% | Exited by Q3 2004 | +56% |
| ARW Arrow Electronics Inc (ARW) | Q2 1999 | 6 of 111 | 0.2% | Held at last filing, Q2 2026 | +1023% |
| UNM Unum Group (UNM) | Q3 1999 | 1 of 117 | 2.9% | Exited by Q4 2009 | −27% |
| LEN Lennar Corporation - A (LEN) | Q4 1999 | 1 of 199 | 1.4% | Held at last filing, Q2 2026 | +1070% |
| HIG Hartford Financial (HIG) | Q4 1999 | 2 of 124 | 0.2% | Exited by Q2 2010 | −40% |
| WY Weyerhaeuser Co (WY) | Q1 2000 | 1 of 129 | 0.8% | Exited by Q1 2007 | +24% |
| IP International Paper Co (IP) | Q1 2000 | 2 of 129 | 0.3% | Exited by Q1 2025 | +35% |
| GD General Dynamics Corp (GD) | Q1 2000 | 4 of 134 | 0.07% | Exited by Q2 2004 | +80% |
| DHI D R Horton, Inc. (DHI) | Q2 2000 | 1 of 201 | 0.4% | Held at last filing, Q2 2026 | +4259% |
| UNP Union Pacific Corp (UNP) | Q2 2000 | 1 of 211 | 1.4% | Held at last filing, Q2 2026 | +2826% |
| F Ford Motor Co (F) | Q4 2000 | 10 of 181 | 0.06% | Exited by Q2 2023 | −46% |
| KBH KB Home(KBH) | Q2 2001 | 1 of 129 | 0.2% | Exited by Q3 2020 | +103% |
| TOL Toll Brothers, Inc. (TOL) | Q2 2001 | 1 of 174 | 1.5% | Held at last filing, Q2 2026 | +1576% |
| FRO (FRO) | Q3 2001 | 1 of 117 | 0.9% | Exited by Q1 2004 | +180% |
| TK Corp (TK) | Q3 2001 | 1 of 87 | 0.7% | Exited by Q1 2004 | +83% |
| A Agilent Technologies, Inc. (A) | Q1 2003 | 1 of 147 | 2.7% | Held at last filing, Q2 2026 | +1312% |
| CVX Chevrontexaco Corp (CVX) | Q2 2003 | 3 of 197 | 1.4% | Exited by Q4 2004 | +49% |
| LEN/B Lennar Corporation - B SHS (LEN/B) | Q2 2003 | 4 of 67 | 0.4% | Held at last filing, Q2 2026 | +177% |
| AAP Advance Auto Parts (AAP) | Q3 2004 | 3 of 179 | 3.6% | Exited by Q3 2008 | +69% |
| TM Toyota Motor Corp [TM] | Q4 2004 | 1 of 80 | 5.1% | Exited by Q2 2009 | −23% |
| HMC Honda Motors (HMC) | Q2 2005 | 1 of 67 | 1.3% | Exited by Q2 2009 | −3.7% |
| CSX CSX Corp (CSX) | Q1 2006 | 1 of 182 | 1.1% | Exited by Q4 2009 | +40% |
| NSC Norfolk Southern Corp (NSC) | Q1 2006 | 2 of 205 | 2.6% | Exited by Q3 2010 | −1.9% |
| GE General Electric Company (GE) | Q4 2006 | 4 of 242 | 5.6% | Exited by Q4 2008 | −31% |
| MMM 3M Company (MMM) | Q4 2006 | 5 of 165 | 9.1% | Exited by Q3 2024 | +57% |
| FDX Fedex Corp (FDX) | Q1 2008 | 4 of 198 | 9.0% | Exited by Q1 2021 | +180% |
| APD Air Products & Chemicals (APD) | Q4 2008 | 1 of 169 | 4.4% | Exited by Q1 2015 | +187% |
| BKR Baker Hughes Inc. (BHI) | Q4 2008 | 1 of 178 | 4.3% | Exited by Q4 2015 | +62% |
| EQT EQT Corporation (EQT) | Q1 2009 | 1 of 231 | 5.7% | Exited by Q2 2013 | +116% |
| DVN Devon Energy Corp (DVN) | Q1 2009 | 5 of 200 | 6.6% | Exited by Q1 2015 | +37% |
| WMB Williams Companies (WMB) | Q1 2009 | 7 of 207 | 1.8% | Exited by Q4 2010 | +68% |
| TMO Thermo Fisher Scientific (TMO) | Q2 2009 | 7 of 234 | 3.4% | Exited by Q3 2011 | +58% |
| EMR Emerson Electric Company (EMR) | Q3 2009 | 4 of 149 | 2.6% | Exited by Q1 2012 | +16% |
| RVTY PERKINELMER INC | Q3 2009 | 4 of 113 | 0.9% | Exited by Q1 2022 | +945% |
| BDX Becton Dickinson & Co (BDX) | Q4 2009 | 1 of 168 | 1.7% | Held at last filing, Q2 2026 | +150% |
| PXGBX Praxair Inc. (PX) | Q1 2010 | 4 of 68 | 1.2% | Exited by Q4 2018 | +94% |
| UPS United Parcel Service (UPS) | Q4 2010 | 6 of 174 | 0.9% | Exited by Q1 2016 | +33% |
| TEL TE Connectivity Ltd (TEL) | Q1 2011 | 1 of 142 | 3.4% | Exited by Q4 2014 | +59% |
| WHR Whirlpool Corp (WHR) | Q2 2011 | 1 of 139 | 1.9% | Exited by Q4 2023 | +64% |
| LOW Lowe's Companies, Inc. (LOW) | Q2 2011 | 9 of 209 | 4.4% | Exited by Q4 2017 | +243% |
| HD Home Depot Inc. (HD) | Q3 2011 | 7 of 212 | 1.9% | Exited by Q2 2013 | +112% |
| LUV Southwest Airlines (LUV) | Q2 2012 | 2 of 175 | 0.2% | Exited by Q4 2014 | +266% |
| AVT Avnet Inc (AVT) | Q2 2013 | 7 of 109 | 0.4% | Held at last filing, Q2 2026 | +164% |
| MSFT Microsoft | Q3 2013 | 14 of 374 | 1.5% | Exited by Q1 2015 | +40% |
| OC Owens Corning, Inc (OC) | Q4 2013 | 4 of 154 | 0.7% | Exited by Q2 2021 | +126% |
| SLB SLB Ltd (SLB) | Q1 2014 | 9 of 211 | 7.1% | Held at last filing, Q2 2026 | −52% |
| WFC Wells Fargo & Co (WFC) | Q1 2014 | 20 of 212 | 0.09% | Exited by Q2 2016 | −2.8% |
| GS Goldman Sachs (GS) | Q2 2014 | 16 of 229 | 6.9% | Exited by Q4 2025 | +376% |
| MAS Masco Corp (MAS) | Q3 2014 | 8 of 131 | 0.3% | Exited by Q3 2016 | +47% |
| C Citigroup Inc (C) | Q3 2014 | 21 of 215 | 4.0% | Exited by Q1 2026 | +125% |
| JPM J P Morgan Chase (JPM) | Q4 2014 | 19 of 231 | 8.4% | Held at last filing, Q2 2026 | +423% |
| T86 Tri Pointe Group, Inc. (TPH) | Q4 2015 | 8 of 122 | 1.1% | Exited by Q3 2020 | +16% |
| ACM AECOM | Q2 2016 | 5 of 143 | 0.9% | Exited by Q2 2019 | −6.6% |
| TMHC* Taylor Morrison Home Corp (TMHC) | Q1 2017 | 5 of 137 | 0.04% | Exited by Q2 2026 | +446% |
| PWR Quanta Services Inc (PWR) | Q1 2018 | 8 of 179 | 0.7% | Exited by Q1 2021 | +110% |
| CRH CRH Plc (CRH) | Q3 2023 | 7 of 186 | 7.8% | Held at last filing, Q2 2026 | +96% |
| MRP Millrose Properties (MRP) | Q1 2025 | 6 of 77 | 3.3% | Exited by Q1 2026 | +13% |
Concentration and tenure
- 14.2%
- Median largest position, all quarters The largest single position as a share of the reported equity book.
- 85.0%
- Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
- Concentrated
- Style, by median largest position
- 5
- Median completed holding, quarters